Sino/Russia Ties: World’s Most Important Strategic Partnership

On July 4, Putin and Xi Jinping concluded two days of informal and formal talks in Moscow – above all else, affirming the vitally important relationship between themselves and their countries.

Putin called Xi’s visit “a key event in terms of building bilateral relations” now and henceforth, adding:

“Economic issues have always been in the center of our attention, but we are not only dealing with this, we are taking steps to unite our efforts on the international arena, the security area, and fight against modern threats and challenges.”

China is Russia’s largest trading partner. Considerable potential remains to be developed. Each nation contributes significantly to the economic health of the other.

“President Putin and I attach great significance to trade and economic cooperation between China and Russia and (their) development,” said Xi.

“Trade and economic ties are far-reaching and offer enormous potential in practical cooperation between our countries. China maintained its status as Russia’s largest trading partner for the seventh year in a row.”

“Trade turnover amounted to $69.53 billion and grew by 2.2% compared to 2015.” During the first five months of 2017, it “surged 26%. Expectations are that trade turnover may be over $80 billion” by year-end.

A China/Russia investment fund is involved in the Far East of both countries. A Russian company floated Panda Bonds on China’s exchange for its ambitious One Belt One Road initiative.

They’re more about targeting Russia and China than the DPRK. Unrelated to their stated goals, they gravely threaten the strategic security of neighboring countries. Their presence undermines regional peace and stability.

About the author:

Stephen Lendman lives in Chicago. He can be reached at [email protected]
His new book as editor and contributor is titled "Flashpoint in Ukraine: US Drive for Hegemony Risks WW III."
http://www.claritypress.com/LendmanIII.html
Visit his blog site at sjlendman.blogspot.com.
Listen to cutting-edge discussions with distinguished guests on the Progressive Radio News Hour on the Progressive Radio Network. It airs three times weekly: live on Sundays at 1PM Central time plus two prerecorded archived programs.

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